China's PBOC Injects $81 Billion Into Top Banks

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

BEIJING--China's central bank is injecting 500 billion yuan ($81 billion) into the country's five major state-owned banks as it moves to counter a worse-than-expected slowdown in the world's No. 2 economy, according to a senior Chinese banking executive. The size ...

S&P Downgrades Venezuela on Worsening Economy -- Update

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Chelsey Dulaney and Kejal Vyas Standard & Poor's Ratings Services on Tuesday cut Venezuela's credit rating further into junk territory, citing President Nicolás Maduro's failure to take steps to combat rising inflation and a deepening economic crisis. S&P; downgraded ...

Argentina Warns U.S. Diplomat Over Remarks to Local Newspaper

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Taos Turner BUENOS AIRES--Argentina's government scolded a U.S. diplomat on Tuesday for remarks he made about the country's recent default, implying he could be expelled if he makes similar comments again. Argentine Foreign Minister Héctor Timerman called for a ...

Austrian August Inflation Slowed on Year

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Nicole Lundeen VIENNA-Austrian inflation continued to ease in August due lower prices on clothing, the country's statistics office said Wednesday. The Alpine country's consumer-price index increased 1.7% on an annual basis in August after a rise of 1.8% in ...

Argentine Peso Hits Record Lows

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Ken Parks BUENOS AIRES--The Argentine peso hit record lows against the U.S. dollar in black market trading Tuesday after the central bank reported the biggest one-day drop in its international reserves since the government defaulted on some of its ...

New Zealand's Current Account Back in The Red

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand's current account balance swung to a deficit in the second quarter as the value of goods exports fell over a range of commodities, led by dairy. The current account deficit totaled 1.1 billion ...

Swiss Economic Expectations Turn Negative in September

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Neil MacLucas ZURICH--Swiss economic expectations in September turned negative for the first time since January last year as financial analysts grow increasingly pessimistic about the impact of the geopolitical tensions on growth in the eurozone, the Alpine country's key ...

Dollar Tad Higher Against Yen, Euro Ahead of Fed Outcome

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Hiroyuki Kachi The dollar was a tad higher against the yen and the euro in Asia trade Wednesday, with investors largely taking a wait-and-see stance ahead of a closely watched Federal Reserve policy meeting outcome. As of 0450 GMT, ...

Fed Dims Emerging Markets' Allure

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Nicole Hong And Matt Day Fears of higher U.S. interest rates are prompting fund managers to cut back on investments in emerging markets. For now, investors still are moving into developing markets, though the pace has moderated. Emerging-market stocks ...

PBOC Agrees to Currency Swap With Sri Lanka

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

BEIJING--China's central bank signed a 10 billion yuan ($1.6 billion) currency-swap agreement with its Sri Lankan counterpart, another effort to expand international use of the yuan. The deal, signed by the two central bank governors Tuesday, will be effective for ...

S Africa Annual Inflation Rate Rose to 6.4% in August

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Patrick McGroarty JOHANNESBURG--South Africa's annual inflation rate rose unexpectedly in August to well above the central bank's target ceiling, adding pressure for a fresh interest rate increase at the bank's next meeting on Thursday. South Africa's consumer price index ...

Boston Properties to Sell Stakes in 3 Buildings

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

Boston Properties Inc. (BXP) agreed to sell a 45% interest in three buildings in New York City and Boston to affiliates of Norway's sovereign-wealth fund for $1.5 billion. The deal with Norges Bank Investment Management involves stakes in 601 Lexington ...

Boston Properties to Sell Stakes in 3 Buildings to Norway Fund

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By George Stahl Boston Properties Inc. (BXP) agreed to sell a 45% interest in three buildings in New York City and Boston to affiliates of Norway's sovereign-wealth fund for $1.5 billion. The deal with Norges Bank Investment Management involves stakes ...

S&P Downgrades Venezuela

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

Standard & Poor's Ratings Services on Tuesday cut Venezuela's credit rating further into junk territory, citing President Nicolás Maduro's failure to take steps to combat rising inflation and a deepening economic crisis. S&P; downgraded Venezuela's rating from B-minus to triple-C-plus. ...

Riksbank Meeting Minutes Strike Dovish Tone

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Charles Duxbury STOCKHOLM-The minutes of the Swedish central bank meeting on Sept. 3 had a dovish feel with a number of rate setters emphasizing that easier policy remains an option if inflation fails to rise. The Riksbank left its ...

Standard & Poor's Downgrades Venezuela on Worsening Economy

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Chelsey Dulaney Standard & Poor's Ratings Services on Tuesday cut Venezuela's credit rating further into junk territory, citing the government's failure to take steps to combat the country's rising inflation and deepening economic crisis. S&P; cut Venezuela's rating from ...

Singapore August Non-Oil Exports Rise 6.0% on Year

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's key non-oil domestic exports rose faster-than-expected in August due to a boost from petrochemicals and the highly volatile pharmaceuticals segments. Exports of goods made in Singapore rose 6.0% in August compared with a year earlier, after ...

Malaysia August CPI Up 3.3% on Year; Above View

TODAY: Sept. 17, 2014 PUB DATE: Sept. 17, 2014

By Jason Ng KUALA LUMPUR, Malaysia--Malaysia's August consumer price index--the country's main gauge of inflation--rose 3.3% from a year earlier, mainly due to costlier food and non-alcoholic beverages and higher prices of non-food items, official data showed Wednesday. The index ...